Covid Impact Material Testing Market is projected to reach a value of over USD 928.8 million by 2027 at a CAGR of around 4.1%.

Material Testing Market: Summary

The is projected to reach a value of over USD 928.8 million by 2027 at a CAGR of around 4.1%.

Material testing is referred to as characteristic and behavior measurements of a substance such as ceramics, plastics, or metals under various conditions. Material testing has been carried out in the processing and manufacturing industries along with educational institutions and research & development institutes across the globe. Advanced hybrid lightweight materials are increasingly being developed for application in a wide range of industries. Reduction of repetitive work, greater consistency & repeatability, objective assessment, and ease of access to information about test& testing are some of the benefits offered by material testing.

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Material Testing Market: Drivers &restraint

Market Driver:

  • Growing Importance of Manufacturing Quality Products

The need for material testing equipment is escalating in various industries involved with utilizing a range of raw materials and testing their mechanical strength to improve and continue to maintain the quality of the product. Maintain quality of product helps to maintain customer satisfaction and loyalty and reduce the risk & cost of replacing faulty goods. Moreover, companies can establish a reputation for quality by gaining accreditation with some recognized quality standards such as ASTM Standards, and ISO Certification. Additionally, accreditation can help to win new customers or enter new markets by giving prospects independent confirmation to the ability to supply a quality product. Thus, the growing importance of manufacturing quality products coupled with various advantages has expected to drive the growth of the material testing market during the forecasted period.

Market Restraint:

  • Wastage of Material Resources During Material Testing

Material testing is used across various industries to analyze physical, mechanical, and structural features of the material before the final product is been manufactured. However, material testing will destroy the least part of items which is under the test. Thus, testing will damage or completely ruin the material under test which cannot be used further for production. Thus, material testing leads to the wastage of material resources which may further hamper the growth of the market during the forecasted period.

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Material Testing Market: Key Segments

  • Segmentation based on Type: Universal Testing Machines, Servohydraulic Testing Machines, Hardness Testing Equipment, and Impact Testing Equipment.
  • Segmentation based on Material: Metals, Plastics, Rubber, Elastomer, Composites, and Others.
  • Segmentation based on end-use: Automotive, Construction, Aerospace & Defense, Educational Institutions, and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Key Companies Covered

  • Instron (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • UL LLC
  • ZwickRoell GmbH & Co. KG
  • MTS Systems Corporation
  • Shimadzu Corporation
  • Tinius Olsen Ltd
  • AMETEK.Inc.
  • ADMET, Inc.
  • Hegewald & Peschke MPT GmbH
  • Applied Test Systems
  • Mitutoyo Corporation
  • TA Instruments
  • Torontech Inc
  • Qualitest International Inc.
  • Struers
  • Controls S.p.A.
  • Other Key Companies

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Material Testing Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Material Testing Market, by Type

  • Universal Testing Machines
  • Servohydraulic Testing Machines
  • Hardness Testing Equipment
  • Impact Testing Equipment

Material Testing Market, by Material

  • Metals
  • Plastics
  • Rubber
  • Elastomer
  • Composites
  • Others

Material Testing Market, by End-use

  • Automotive
  • Construction
  • Aerospace & Defense
  • Educational Institutions
  • Others

Material Testing Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

  1. INTRODUCTION
  2. Research Objectives
  3. Market Definition
  4. Research Scope
  5. Regional Coverage
  6. Research Timeline
  7. Assumptions
  8. Limitations
  9. RESEARCH DESIGN & SCOPE
  10. Introduction
  11. Primary Research
  12. Key Industry Expert Insight
  13. Secondary Research
  14. Vital Data from Secondary Sources
  15. Market Size Estimation
  16. Data Validation & Triangulation
  17. EXECUTIVE SUMMARY
  18. MARKET DYNAMICS
  19. Introduction
  20. Drivers
  21. Growing Importance of Manufacturing Quality Products
  22. Economic Benefits Associated with ASTM Standards
  23. Restraint
  24. Wastage of Material Resources during Material Testing
  25. Opportunities
  26. Growing Demand from Plastic & Composite Processing Industries
  27. Challenges
  28. Economic & Political Uncertainties
  29. INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
  30. Introduction
  31. Power of Buyers
  32. Power of Suppliers
  33. Intensity of Competition
  34. Challenges of Substitutes
  35. Challenges of New Entrants
  36. Macro-Economic Indicators
  37. GLOBAL MATERIAL TESTING MARKET BY TYPE, Market Size in USD Million (2019–2027)
  38. Introduction
  39. Universal Testing Machines
  40. Servohydraulic Testing Machines
  41. Hardness Testing Equipment
  42. Impact Testing Equipment
  43. GLOBAL MATERIAL TESTING MARKET BY MATERIAL, Market Size in USD Million (2019–2027)
  44. Introduction
  45. Metals
  46. Plastics
  47. Rubber
  48. Elastomer
  49. Composites
  50. Others
  51. GLOBAL MATERIAL TESTING MARKET BY END-USE, Market Size in USD Million (2019–2027)
  52. Introduction
  53. Automotive
  54. Construction
  55. Aerospace & Defense
  56. Educational Institutions
  57. Others
  58. GLOBAL MATERIAL TESTING MARKET BY REGION, Market Size in USD Million (2019–2027)
  59. North America
  60. US
  61. Canada
  62. Mexico
  63. Europe
  64. Germany
  65. France
  66. Italy
  67. UK
  68. Russia
  69. Rest of Europe
  70. Asia-Pacific
  71. China
  72. India
  73. Japan
  74. South Korea
  75. Rest of Asia-Pacific
  76. Middle East and Africa
  77. Saudi Arabia
  78. UAE
  79. Rest of Middle East and Africa
  80. South America
  81. Brazil
  82. Argentina
  83. Rest of South America
  84. COMPETITIVE LANDSCAPE
  85. Introduction
  86. Market Ranking/Share Analysis of Key Companies
  87. Company Benchmarking
  88. COMPANY PROFILES
  89. Instron
  90. Company Overview
  91. Financial Overview
  92. Products/Solutions/Services Offered
  93. Key Developments
  94. UL LLC
  95. ZwickRoell GmbH & Co. KG
  96. MTS Systems Corporation
  97. Shimadzu Corporation
  98. Tinius Olsen Ltd
  99. AMETEK.Inc.
  100. ADMET, Inc.
  101. Hegewald & Peschke MPT GmbH
  102. Applied Test Systems
  103. Mitutoyo Corporation
  104. TA Instruments
  105. Torontech Inc
  106. Qualitest International Inc.
  107. Struers
  108. Controls S.p.A.
  109. Other Key Companies
  110. APPENDIX
  111. Key Industry Expert Insights
  112. Primary Discussion Guide
  113. Customization Options

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach